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Leases (Tables)
9 Months Ended
Jan. 29, 2023
Assets And Liabilities Lessee [Abstract]  
Summary of right of use assets and lease liabilities

The right of use assets and lease liabilities associated with our operating leases as of January 29, 2023, January 30, 2022, and May 1, 2022, are as follows:

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

January 29,
2023

 

 

January 30,
2022

 

 

May 1,
2022

 

Right of use assets

 

$

8,913

 

 

$

16,595

 

 

$

15,577

 

Operating lease liability - current

 

 

2,785

 

 

 

3,295

 

 

 

3,219

 

Operating lease liability – noncurrent

 

 

4,399

 

 

 

7,848

 

 

 

7,062

 

Supplemental Cash Flow Information

Supplemental Cash Flow Information

 

 

 

Nine Months
Ended

 

 

Nine Months
Ended

 

(dollars in thousands)

 

January 29, 2023

 

 

January 30, 2022

 

Operating lease liability payments

 

$

1,704

 

 

$

2,249

 

Right of use assets exchanged for lease liabilities

 

 

731

 

 

 

3,763

 

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the remainder of fiscal 2023, the subsequent next four fiscal years, and thereafter follows:

 

(dollars in thousands)

 

 

 

2023

 

$

756

 

2024

 

 

2,907

 

2025

 

 

1,914

 

2026

 

 

608

 

2027

 

 

344

 

Thereafter

 

 

1,028

 

 

 

$

7,557

 

Less: interest

 

 

(373

)

Present value of lease liabilities

 

$

7,184

 

Summary of weighted average remaining lease term and discount rate

As of January 29, 2023, the weighted average remaining lease term and discount rate for our operating leases follows:

 

 

 

January 29, 2023

 

Weighted average lease term

 

3.9 years

 

Weighted average discount rate

 

 

3.69

%